KUKVC and CMAI to advance carbon finance for sustainable agriculture

The Carbon Markets Association of India (CMAI) has formally inked a Memorandum of Understanding with the non-profit organisation, Krishi Udyami Krishak Vikas Chamber (KUKVC) with a particular focus on promoting organic farming and integrating carbon credit revenue into farmers’ income streams. This initiative aims to improve the livelihoods of farmers while contributing to environmental sustainability.

The MOU marks a pivotal milestone in the shared commitment of both organisations to address climate change and accelerate sustainable agriculture practises. Leveraging their collective expertise and resources, CMAI and KUKVC are poised to open up new opportunities in sustainable agriculture, with a strong emphasis on carbon credits, facilitating the transition to a low-carbon economy.

CMAI will take on a central role by providing vital support and knowledge-sharing on green credits and carbon finance. They will conduct capacity-building sessions, highlighting the significance of carbon credits in combating climate change. Furthermore, CMAI will guide farmers through the process of registering and earning carbon credits through authorised carbon credit platforms, assisting them in estimating potential earnings based on their sustainable practises.

KUKVC, on the other hand, will shoulder crucial responsibilities in this partnership. They will organise awareness programmes and training workshops to educate and engage farmers, encouraging their active involvement in sustainable practises. Additionally, KUKVC will offer critical support in data collection to ensure the successful implementation of green finance generation projects. They will carry out regular monitoring of plantations, maintain comprehensive records, and work closely with farmers to address emerging issues.

Together, these collaborative endeavours position CMAI and KUKVC as trailblazers in the domain of carbon credits, paving the way for a seamless transition towards a low-carbon economy. This partnership is set to have a profound impact on sustainable agriculture practises and climate change mitigation efforts.

Mr. Manish Dabkara, President, CMAI said “We are delighted to partner with KUKVC in our shared commitment to environmental sustainability. This collaboration marks the commencement of an exciting journey aimed at creating enduring and positive impact in the battle against climate change. Through this cooperation, our goal is to tap into the significant potential of sustainable agricultural practises to reduce carbon emissions and harness the benefits of carbon credits for financing the transition. Simultaneously, we aspire to position India as a leader in promoting environmental stewardship and advocating for the adoption of cleaner, more sustainable farming practises. This includes a shift away from conventional practises towards the traditional practises while embracing the LiFE,(Lifestyle for Environment). Together, we believe that we can unlock fresh opportunities and make a substantial contribution to achieving our environmental objectives.”

Sh. Om Prakash Dhankar, the Former Agriculture Minister of Haryana Government and Chief Patron of KUKVC, underscored their shared dedication with CMAI to harnessing the considerable potential of carbon credits to advance the journey towards achieving a net-zero carbon footprint, all while ensuring the welfare of farmers. He said, “In this strategic collaboration, KUKVC aims to leverage their extensive field expertise and capabilities to seamlessly integrate their past efforts and initiatives that have supported farmers. With the unity of forces with CMAI, KUKVC holds the belief that they can magnify the impact of their endeavours in combatting climate change. This collaboration holds the promise of yielding positive outcomes and making a substantial contribution to their collective mission of securing a sustainable future.”

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